Project Management and newly Appointed Director Essay

The difference between projects that fail and those that are ultimately successful has nothing to do with the fact that one lacks problems the other has. The key lies in the plans that have been constructed to deal with problems once they arise. Risk management is defined as the art and science of identifying, analyzing, and responding to risk factors throughout the life of a project and in the best interests of its objectives (Pinto, 2010, p.201). Even though risk management strategies consist of minimizing the unpleasant combination of uncertainty and potential for negative consequences we must be prepared to tackle unplanned project changes.
The overall objective in our current project requires an effective DRP to be in place at the time of grant submission. The selected project manager has a time frame of six short weeks to successfully deploy the initiating, planning, executing, monitoring and controlling, and closing of this project (PMBOK, 2008, p.6). The project manager in this case has stumbled to investigate and discuss potential risks with team members. Risk management is a four stage process that should have been initially implemented in which I believe would have captured all if not most of the four unplanned changes. The first stage is known as the risk identification which would have included the application of a simple method known as brain storming meetings that are designed to generate a list of potential risk factors (Pinto, 2010, p.205). Now we will explore solution methods and possible prevention strategies in effort to satisfy a successful project outcome.
Our first obstacle was introduced in week three which involves the absence of including an insurance company that needed to approve the plan before they would approve the policy for the Museum. In my opinion, this unexpected event could have been identified in the second phase known as planning (Pinto, 2010, p.12). Planning includes all detailed specifications, schematics, schedules, and other plans as indicated (Pinto, 2010, p.12). This is where we could have prevented this mistake by assigning a staff member to take responsibility of this assignment. The assignment should have included important characteristics such as insurance requirements and costs. We need to calculate the implementation of this fixed cost into our current budget. Cost is one determinant of project success; projects must meet budgeted allowances in order to use resources as efficiently as possible (Pinto, 2010, p.15). The insurance requirements along with the state grant requirements should serve as an added check list to the overall project requirements. The enactment of these strategies during the planning phase would have successfully planned and prepared an appropriate outline to have captured these unplanned changes. Overall, this may have an adverse effect on the projects outcome depending on the altitude of the insurance costs and requirements which are unknown at this time.
Another challenge in week three involves the absenteeism of appropriate planning once again. The alarm companies had not been included in the protocol to ensure the alarms would be dispatched from the correct agency. We are currently engaged in the implementation phase which is the period with the greatest worry. The implementation and termination stages are recognized as the point where uncertainty is still relatively high and the amount at stake is rapidly increasing (Pinto, 2010, p.203). The prevention of this situation could have been resolved early on during the planning phase such as the previous issue involving the insurance company. Let’s drift away from prevention mishaps for now and focus on Project Management Process Groups. The Process Groups are not project phases, they would normally be repeated for each phase of the life cycle (PMBOK, 2008, p.41). There are a total of five Process Groups, we will focus on Monitoring and Controlling since it…

Recordings Project
Web delivery of audio from the holdings of the Sound Archive will enable the British Library
to make a unique contribution to the new learning environment for UK higher and further
education, and will provide indicators to the vast untapped resource that lies beyond the very
small but compelling selection of recordings to be included in this project, thus contributing to
the British Library vision of ‘helping people to advance knowledge to enrich lives’.
Project Initiation…

Gabrielle Meeks
Dr. Sadu Shetty
BUS 517 Project Management
January 25, 2015
What business problem does the project solve?
Raises Funds for student majoring in IT and searching Internships. Keeping communities update with the latest technology and trends.
What are the major deliverables of the project?
Funds raised in specified amount
Organizational statement declaration
Database of all entities involved in project
What are the risks associated with project?
Financial
Liability
Organization's…

Project Part 2
A good project manager must always be ready to deal with changes, as changes happen on a regular basis during most projects. In the course of this project there were four major changes that were brought to my attention that needed to be addressed quickly. The changes included working with the alarm company, ensuring the insurance company signed off on the plan, and coordinating with a new Emergency Management Director to determine the best course of action for emergencies. By having…

can have biggest impact on a project is making unrealistic time line, and it is one of the most common reasons for project failure and improper planning. I have seen many projects not being successful due to timeline or reducing project scope in order to achieve the timeline. This type of situation can occur due to different reasons like over optimistic management, lack of technical capability in project management, pressure to meet the goal or budgeting issue. Management should work with team members…

module spec.
Aims
• To prepare you for your final year project
• To aid completion of the project proposal for the final year project
• To research a topic area and plan a scheme of work
• To structure a piece of academic/technical writing in the appropriate style
• To think critically about what you will produce and evaluate your ability to deliver the work
For your final year project you will be required to produce a proposal (it is not assessed). You…

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